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SITXFIN002 Explain the differences betweenAccrual accounting and cash accounting. In your own words explain the following terms Current assets Non-current assets Bank reconciliations Cash flow

SITXFIN002

Explain the differences betweenAccrual accounting and cash accounting.
In your own words explain the following terms

Current assets

Non-current assets

Bank reconciliations

Cash flow

Profit and loss statement

Gross profit

GST

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